I don't think the kid needs to explain nor justify how he manage to save 25k. For example, my best friend in high school "saved" 43k in two years working for his rich old man that paid him an absurd high wage. In addition, he got 15k from his grandparents as a gift for early graduation. That's 58k. Anyways, his scores, grades and connections were impressive enough to get him into all three schools he applied (Harvard, Yale and Wisconsin). He selected Wisconsin because his girlfriend was going there. Short story, he's now a big wig at one of the world's top pharmaceutical companies, married his girlfriend and inherited his grandparents fortune. My point, we really don't know how that kid manage to "save" 25k but we do know its not possible to do it via working minimum wage even if working full-time in the summers. Thus, lets assume his family or someone helped out "a little" and the kid just prefers to use the word "saved" as if he busted his butt for every penny to get it when in reality he got "a little" help as in someone drop some cash in his lap. P.S. I've met people with tons of cash (a few were millionaires) and B.S. about how they earned it to make themselves seem like the hard working Joe.
saving $25K is not all that hard when you can work during the summers, or after school, and earn while not spending a dime because mom and dad pays for everything... it wasnt so in my case, but I did save a bit more than he did by the time I was in my junior year in college... so not far fetched if the kid has his head screwed up right and started to save around when he was 12 or 14... then again, he could've been given a custodial account to which his parents or grand parents contributed... my point, not all that far fetched... I do agree with you about the $7.5K ... quite a waste... not that mentoring is not needed, just that @ that price it is too much...
Yes sir ... How much does John Henry charge for mentoring ? Dont know what is about trading that makes some feel they have to constantly minimize the next man.
And yet the priority was not getting scholarship to pay for the hard part? Need school before NUKE school? Yes, but what you choose to learn has as much impact as the choice of school. Think proving 1 out of 3 people in the US can expect to be able to calculate their adjusted 2001 dollars annual income at age 40 and whether you'll have more than 3 jobs with a high 60% r^2 was learned by anybody but me in their BSc? Asvab is way more indicative of future success than anything bc it's used to see who goes first to the most advanced fields of the military. Sat and act seemed to lack data from late 60's early 70's seniors but they're way more political. When I remember about knowing scholarship paid a $200k education and deciding between Armageddon warfare was worthwhile to pursue versus finite bond options and pricing theory, what really came through my mind was that I am glad I have the scholarship not whether the next nuclear weapon that went off was ours bc my other option was being part of the combatants in the region where naval vessel submarine warfare could probably only be handled by the best and brightest. The schools don't understand the nature of liberal arts education was to know everything, not something... And you had 4 years to do it. So left with 2 years and bootstrap with 2 $75k conditioned checks or actually using the reward of getting no more than 1 incorrect question out of every 30 questions I decided to learn everything then see if being an 18 yo around nuclear physicists manning the core was anymore smarmy than the vindictive crowd I see fighting around here publicly. It would have at least been patriotic, but in a way both are meritorious in their endowments to the country's preservation but I thought earning wealth was higher perusal of my time than nuking around in submarines was. He needs education and the cohort in his age group that made it are in fact those likeliest to succeed (Referring to the floor broker hs seniors who have tried this). That's true, bone, but whether my mistakes are simple or my math is wrong expensive doesn't negate that even if I felt nuclear war was imminent I'd show up back at the same recruiting station where I will probably never be able to hit 96th percentile and the only one on that nuke school entrance exam. Your job is to make money so let him be a client, man. He doesn't have to say much more than Asvab race to me so even if MIT is out I did interview to go there and probably would have done fine however at the time only NROTC was there telling me min 1400 sat so at about below that they simply said no, and my life I doubt would have only been complicated by going to a school like that. It isn't like newbies want anything different than for you to just be right all the time so for me I joked with myself about being that broker who asks the first question like, "do you want to make $1 million", "yes", "good, you're a client." Use some more professional terms like undercapitalized than not qualified. It's not like you're in an advisor role but you paint yourself out that way. Atti, bone, quit betting. That's not allowed anymore.